ROHSTOFF INTERNATIONAL

Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or the Company) executed a Share Sale Agreement (the Agreement) with a third-party (the Buyer) for the acquisition of all the shares of LNGL’s wholly-owned subsidiary, Gladstone LNG Pty Ltd (Gladstone LNG). In return, LNGL received US$800,000, previously held in a trust account under a previously disclosed Licence Transfer Agreement, and a reimbursement for security deposits posted by Gladstone LNG related to the Fisherman’s Landing project licences.

Pursuant to the terms of the Agreement, the Buyer secured ownership of the proposed Fisherman’s Landing LNG project, including the licences and the opportunity to utilize LNGL’s OSMR(R) technology on a future LNG project at the Fisherman’s Landing Gladstone site. The Buyer shall pay LNGL an additional US$4 million if financial close is achieved for an LNG project at the site.

– Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian based subsidiary, which is developing an 8 mtpa or greater LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;